Muva nje, ingcindezi yemakethe ye-macro yanda kakhulu. NgoMeyi, i-CPI ye-United States yanda ngo-8.6% unyaka nonyaka, unyaka ophakeme ngonyaka wamandla emali e-United States yabuyiselwa. Imakethe kulindeleke ukuthi yandise inani lenzalo lase-US ngamaphuzu angama-50 ngoJuni, ngoJulayi nangoSeptember ngokulandelana, futhi kulindeleke nokuthi ukubhujiswa kwenhlangano yase-US kungakhuphule inani lenzalo ngamanani aphezulu wenzalo ngoJuni. Okuthintekile yilokhu, ijika lemvula lamasheya ase-US laphindeka futhi, amasheya aseYurophu kanye neMelika awela ebhodini, i-US Dollar yavuka ngokushesha futhi yaphula okuphezulu kwangaphambilini, futhi zonke izinsimbi ezingezona ze-Ferrous zaziphansi kwengcindezi.

Ekhaya, inani lamacala asanda kutholakala kwe-Covid-19 ahlala ezingeni eliphansi. I-Shanghai neBeijing baphinde baqala kabusha i-oda lempilo elijwayelekile. Amacala amasha aqinisekisiwe ama-sporadic aqinisekisile ukuthi imakethe iqaphele. Kunokugqwala okuthile phakathi kwengcindezi eyandayo ezimakethe zaphesheya kanye nokuguqulwa okuncane kwethemba elihle lasekhaya. Kusuka kulokhu kubukwa, umthelela wemakethe ye-macro onithusiAmanani azoboniswa esikhathini esifushane.

Kodwa-ke, kufanele futhi sikubone lokho phakathi nangesikhathi sekwedlule isikhathi, ibhange labantu laseChina lisike le nto emihlanu ye-LPR ngamaphuzu ayi-15 ngama-4,45%, okulindelwe ngabahlaziyi bangedlule. Abanye abahlaziyi bakholelwa ukuthi lokhu kuhamba kunenhloso yokuvuselela ukufunwa kwezezakhiwo, okuqinisile ukukhula komnotho nokuxazulula ubungozi bezimali emkhakheni wezezakhiwo. Ngasikhathi sinye, izindawo eziningi eChina zishintshele izinqubomgomo zokulawulwa kwezindawo zokuhlala ukukhuthaza ukululama kwemakethe yezezakhiwo kusuka kubukhulu bendawo, njengokunciphisa ukwesekwa kokuthenga kwezindlu ngokubonakalayo Isikhwama, sehlisa inani lenzalo yempahla ebanjiswayo, ukuguqula ubukhulu bokuvinjelwa kokuthenga, ukunciphisa isikhathi sokuvinjelwa kokuthengisa, njll. Ngakho-ke, ukwesekwa okuyisisekelo kwenza intengo yethusi ikhombisa ubulukhuni bentengo engcono.

Ukusungula Kwasekhaya kuhlala kuphansi

Ngo-Ephreli, izimbangi zezimayini ezinjengoFreeport zehlise okulindelwe ukukhiqizwa kwazo ithusi ku-2022, okwenza imali yokucubungula yethusi ku-Peak futhi iwela esikhathini esifushane. Uma kucatshangelwa ukwehliswa okulindelwe kokuqondisa kweCopper ukugxilisa kulo nyaka ngamabhizinisi amaningi asemamayini aphesheya, ukwehla okuqhubekayo kwemali esetshenzisiwe ngoJuni kwaba umcimbi omuhle kakhulu. Kodwa-ke, ithusiImali yokucubungula isesezingeni eliphakeme lama- $ 70 / TONT, okunzima ukuthinta uhlelo lokukhiqiza lweSmelter.

NgoMeyi, isimo se-ebhubhane eShanghai nakwezinye izindawo saba nomthelela othile ngejubane lokuvunyelwa kwamasiko okungenisa. Ngokubuyiselwa kancane kancane kokuhleleka okujwayelekile okuhlala eShanghai ngoJuni, inani le-scrap yethusi elingenisiwe kanye nenani lokuphazamiseka kweCopper Copper yasekhaya kungenzeka likhuphuke. Ukukhiqizwa kwamabhizinisi wethusi kuyaqhubeka nokululama, futhi okuqinileithusiIntengo Oscillation ekuqaleni kwesigaba ikhuphuke umehluko wentengo kacezu olucwengekile futhi udoti futhi, futhi isidingo sensimbi yethusi sizothatha ngoJuni.

I-LME yethusi yokusungula iyaqhubeka nokuvuka kusukela ngoMashi, futhi ikhuphuke kumathani angama-170000 ngasekupheleni kukaMeyi, ukunciphisa igebe liqhathaniswa nesikhathi esifanayo eminyakeni edlule. I-Desencher Copper yokusungula inyuke ngamathani angama-6000 aqhathaniswa nokuphela kuka-Ephreli, ikakhulukazi ngenxa yokufika kwethusi elingenisiwe, kepha yokusungula esikhathini esedlule sisesikhathini se-perennial. NgoJuni, ukugcinwa kwama-smelters asekhaya kwaba buthaka ngenyanga ngenyanga. Umthamo wokumongatha obandakanyeka ekugcinweni kwawungamathani ayizigidi eziyi-1,45. Kulinganiselwa ukuthi ukugcinwa kuzothinta umphumela ocwengekile wethusi wamathani angama-78900. Kodwa-ke, ukubuyiselwa kokuhleleka okujwayelekile okuhlala eShanghai kuholele ekutheni lapho kukhethwa khona umdlandla wokuthenga weJiangsu, uZhejiang noShanghai. Ngaphezu kwalokho, ukusungulwa kwasekhaya okuphansi kuzoqhubeka nokusekela amanani ngoJuni. Kodwa-ke, njengoba izimo zokungenisa ziyaqhubeka nokwenza ngcono, umphumela osekelayo ngamanani uzoba buthaka kancane kancane.

Funa ukwakha umphumela we-underpinning

Ngokwezilinganiso zezikhungo ezifanele, izinga lokusebenza lamabhizinisi ePopper Copper Pole kungenzeka abe ngama-65.86% ngoMeyi. Yize izinga lokusebenza kagesi ithusiAmabhizinisi wePole awaphezulu ezinyangeni ezimbili ezedlule, ezikhuthaza imikhiqizo eqediwe ukuthi iye esitolo sokugcina, ukusungula kwamabhizinisi we-Copper Copper Polerises kanye nokusungula okuqukethwe kwamakhebula kusephezulu. NgoJuni, umthelela wobhubhane obhekene nengqalasizinda, izindlu zangempela kanye nezinye izimboni ezihlakazeke kakhulu. Uma izinga lokusebenza kwePropper liyaqhubeka likhuphuka, kulindeleke ukuthi liqhubekele ukusetshenziswa kwethusi elicwengekile, kepha ukuqina kusencike ekusebenzeni kwesidingo se-terminal.

Ngaphezu kwalokho, njengoba inkathi yendabuko yendabuko yokukhiqizwa komoya komoya ifika ekugcineni, imboni yokufaka umoya iyaqhubeka nokuthola isimo esiphakeme. Noma ukusetshenziswa komoya komoya kusheshisa ngoJuni, kuzolawulwa ikakhulukazi yi-Inventory Port. Ngasikhathi sinye, iChina yethule inqubomgomo yokuvuselela kokusetshenziswa komkhakha wezimoto, okulindeleke ukuthi ihlele igagasi lokukhiqizwa kanye nokukhangisa ngemvuthwandaba ngoJuni.

Kuko konke, ukwehla kwamandla emali kufake ingcindezi ngamanani entengo yethusi ezindaweni ezimakethe zaphesheya kwezilwandle, futhi amanani entengo yethusi azowela ngezinga elithile. Kodwa-ke, njengoba isimo esiphansi sethusi sethusi uqobo ngeke siguqulwe esikhathini esifushane, futhi isidingo sinomthelela omuhle oxhasayo kwizisekelo, ngeke kube khona igumbi eliningi lamanani entengo yethusi.